Company Profile
Muthoot Finance Ltd.
The flagship company of The Muthoot Group, and one of the first NBFCs in India to obtain the Reserve Bank of India’s licence to set up White Label ATMs.
Who We Are
A pioneer in White Label ATM services
Muthoot ATM is a division of Muthoot Finance Ltd., a flagship company of The Muthoot Group. Muthoot Finance Ltd. is India’s largest gold financing company, and it was among the first non-banking financial companies to obtain the Reserve Bank of India’s licence for setting up White Label ATMs (WLAs).
The venture operates with Federal Bank as the sponsor bank and FIS Payment Solutions & Services India as the technical partner, delivering cash withdrawal, balance enquiry and related banking transactions through a nationwide ATM network.
- Muthoot Finance Ltd. is India’s largest gold financing company.
- A flagship company of The Muthoot Group.
- One of the first NBFCs to obtain RBI’s licence for setting up White Label ATMs.
- Sponsor bank: Federal Bank.
- Technical partner: FIS Payment Solutions & Services India.
Head Office
2nd Floor, Muthoot Chambers,
Opp. Saritha Theatre Complex,
Banerji Road, Kochi – 682018, Kerala
Phone: +91 7510416777
Email: atm@muthootatm.com
Network
White Label ATM deployment across India
Muthoot ATM aims to deploy 9000 ATMs throughout India, with 65% of the planned machines targeted at semi-urban and rural areas.
The first Muthoot ATM was launched on March 6th, 2014, at Hotel Le Meridian in Maradu, Kochi. Later that year, in June 2014, Muthoot Finance launched its 37th ATM in Bangalore and aimed to open 100 ATMs in Karnataka by the end of 2014.
At a Glance
Company details
| Detail | Information |
|---|---|
| Operating company | Muthoot Finance Ltd., a flagship company of The Muthoot Group |
| Business | White Label ATM (WLA) services in India |
| Regulatory status | One of the first NBFCs to obtain RBI’s licence to set up White Label ATMs |
| Sponsor bank | Federal Bank |
| Technical partner | FIS Payment Solutions & Services India |
| Deployment target | 9000 ATMs across India, 65% targeted at semi-urban and rural areas |
| First ATM launch | March 6th, 2014, at Hotel Le Meridian, Maradu, Kochi |
| Head office | 2nd Floor, Muthoot Chambers, Opp. Saritha Theatre Complex, Banerji Road, Kochi – 682018, Kerala |
| Contact | +91 7510416777 | atm@muthootatm.com |